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Before you even consider playing poker full time, you should choose one game to focus on as this will make it far easier to reach and maintain professional levels and to improve thereafter.
As entrepreneur, Gary Vaynerchuk so fantastically preached in a Joe Rogan podcast in Since there's no guarantee of a stable or reliable income as a poker player, it's vital that you have enough money set aside to cover your living expenses for an extended period before going pro.
The amount you need will largely depend on the format of poker you're looking to play, but personally, I'd aim to have enough money to cover you for at least a year initially and this shouldn't include your playing bankroll either.
This number might seem excessive, but overcompensating will minimise any potential stress. It will enable you to have a chunk spare to use as a contingency budget in the event your car implodes, your boiler goes on strike, or you develop a major Krispy Cream addiction and wasting thousands of dol Oh, wait, I'm still in denial about that one…forget I said anything!
Anyway, there's no hard and fast rule about how much you need to have in the kitty. And, to be honest, if you don't have a lot of responsibilities or are merely taking a shot knowing you can return back to an old job if things don't work out , then you can be far more aggressive — something like 6-months-worth of expenses might be enough, for example.
The underlying goal is to ensure that you can play poker freely with a clear focus on making the right decision, rather than allowing your financial stress to impact your game.
Generally speaking, people perform poorer under pressure. Don't believe me, just ask my high school prom date Just kidding — I didn't have one!
Joking aside though, the added pressures caused by having festering financial worries can really hinder your ability to think straight.
As a poker player, whose decisions are only as good as how well they can read situations and interpret and process the information, this can be toxic for both your health, your game, and ultimately, your bottom line.
Believe me, as someone that grew up in a pretty poor, single-parent family, I've seen the stress that financial troubles can cause. Compound this with a direct correlation between your decisions and your bank balance, and it's only natural for the quality of both your poker game and state of mind to deteriorate if you're under-rolled.
To some degree, performing at your best requires a weird level of financial numbness — an ability to completely disassociate yourself from your results and focus only on your decisions.
I'll say it again, make sure you have enough money in the kitty or a contingency plan if you don't before you quit your day job!
Poker longevity all about bankroll management. Why do I need such a massive cushion? If I'm going pro, surely, I'll be winning mad p's yo'!
Well, yeah, that may well be true - and I really hope that's the case — but annoyingly, downswings are as inevitable as Fedor or Bonomo winning the next high roller event.
As you might expect better players tend to have shorter losing streaks financially since their higher win-rates allow them far more wiggle room.
A three-month downswing with still require three month's worth of living expenses, and if you only have a six-month budget set aside, there's probably going to a couple bricks in your underwear by month four.
Since you're probably going to be thinking about going pro well before you're annihilating the games, your win-rates are likely to be lower than those of a more seasoned pro.
As you might expect, this will amplify the damage of being below EV. One has some money to pay the bills, the other doesn't!
As an inexperienced pro, the truth is that you're probably pretty likely to make some naive mistakes and perhaps even tilt a little too.
It really does take a while to get used to the lifestyle, and your cushion is designed to allow you to weather that storm. It also enables investment in your new poker business, should you want to hire a coach, buy a new laptop, or even fund taking some time away from tables to hit the lab and improve your game if things don't get off to a great start.
Downswings DS can be really tough mentally too. I've been playing professionally for years now, and in the midst of a downswing, it's easy to doubt your abilities.
This graphs the ChipEV 0f all my hands from the last week or two spare a thought please! Since my EV line looks good and follows the same trend it usually does, it seems as though this is just typical run bad and that there was nothing I could do here.
I simply have to count the Sklanksy bucks and remind myself that although I'm losing money, I'm playing well. If I stick to the plan, things will turn around eventually — These are the best kinds of downswings.
This is actually the same graph as above, but with a huge chunk of value hands filtered out. However, let's assume it's a legitimate payer graph for demo purposes.
Once you've wiped the vomit from your chin, you'll notice this graph looks way different to the first. Yes, this player is also running bad, but the simple truth is that when you have an orange line looks like this, the most likely cause is that you are playing as poorly as you're running!
Interestingly, this is the kind of graph is what I'd expect to see from someone who had issues with tilt. As a pro, this is the kind of graph that crushes your soul.
Like a photo of an ugly ex-partner or an embarrassing childhood holiday, it's just so easy to see it, facepalm, and ask yourself serious questions about what you were thinking.
You're not just losing, you're getting crushed! This image is the kind of graph that has the potential to mess with your head. You might start believing that you've forgotten how to play, or paranoid that your opponents have made some super rapid adjustments and you can no longer compete.
Importantly though, even with a graph like this, it's entirely possible that our Hero was playing well. Sure, it's not the most plausible explanation, but if we have an extended period of being on the wrong side of coolers, are unable to extract value with our monsters because we got no action , or if we ran particularly bad in terms of hand distribution, a graph like this could easily be the result.
This kind of scenario is another, less acknowledged form of a downswing, and believe me, it's the most brutal. It's important not to let a downswing like this cause you to doubt your abilities entirely because this might result in some rash over-adjustments.
It's important to realise that sometimes poker is just going to bend you over, and these kinds of downswings are a great example of that.
If you don't manage these situations well, they can be a devastating confidence killer and can cause you to re-evaluate everything from your bet-sizing to your future as a pro.
It's so easy to stress out, start making drastic changes to your strategy , or begin doubting your instincts altogether, all of which can easily weaken your overall game.
The easiest way to approach these kinds of downswings is to realise that sometimes it's not you, it's just poker.
Although these graphs seem to be indicative of a winning and losing player at face value, that might not necessarily be the case. As a professional, it's vital we review our game to discover the real cause of the downswing.
I know that during a downswing the last thing you're going to want to do is trawl through hands and either replay how bad you've run or chastise yourself for playing poorly.
It's entirely natural to want to bury your head in the sand, or just try to just draw a line under everything and forget about the downswing altogether.
Trust me, though, going all Bridget Jones with a few romcoms and an unhealthily large tub of mint chocolate chip really isn't going to get you anywhere.
As you might expect, the trick to overcoming downswings is to dig into your database and spend some time reviewing your hands ideally with a friend to avoid bias and get some new ideas.
If you discover you're playing poorly, and you plan to keep grinding, then you need to fix things pronto!
Fortunately, though, down-swinging is not necessarily just all doom and gloom: One benefit of losing is that, if you're actually getting crushed, you're likely to have a concentrated sample of sub-par play.
This data makes leaks easier to find, allowing you to start plugging and improving right away. As much as it won't feel like it at the time, downswings caused by playing bad can actually be a blessing in disguise in the long run, since they make it easier to discover and fix what you're doing wrong!
In any case, upon reviewing your hands, you might realise that you've been playing pretty well and have just been running terribly which should help you regain some lost confidence.
If this is the case, then dust yourself off and get back to work. Yes, it's rough, and probably the last thing you want to do, but realise, there's a reason they call it 'grinding' - It's work, not pleasure.
Whatever your orange line looks like though, remember, in the short term, results can often be meaningless which is why you should review your play during your upswings too!
An ability to handle swings well is an absolute necessity for any budding pro. In fact, I 'd argue that that finding effective ways to deal with a DS pragmatically is one of the most underrated skills you can develop as a poker player.
I reckon that for every poker pro, there are probably at least 10 others who have the ability and talent to take his place but lack the necessary discipline.
Methodically approaching your downswings can help alleviate tilt and allow you to plug leaks properly, both of which help you make more significant strides towards reaching your poker potential.
TIP : If you struggle with tilt, a great way to tackle it is to start each poker session with 3 loose poker chips — These represent your 'lives'. If you make a mistake, you lose a life.
Lose all 3, and you take a break. Since 3 errors is not normally enough to make someone lose their head, this should enable you to control your tilt before it gets out of hand.
There are so many ways you can fashion your own poker career rules, but credit to my boi ZOMGHangover for this gem!
One of the most challenging things to come to terms with when you start professionally playing poker is the loss of a steady, stable salary.
There are plenty of benefits of course, but one of the ridiculous things about being a grinder is the fact that you can work for extended periods and actually lose money!
Additionally, as we discussed earlier, a poker player will probably perform sub standardly if they have one eye on the financial impact of their decisions especially when down-swinging , and this can compound the problem.
A great way to disassociate yourself from the financial consequences of your results is to consider being staked.
As a staked player you will basically play poker with someone else's BR. Since your losses go into 'make-up', this negates any direct potential risks to the player's immediate personal finances, which allows them to concentrate on making the best decisions at the tables.
Knowing that you played well no longer becomes a mere comfort blanket during a string of bad results, it becomes all that actually matters. For a new pro, who may struggle to disassociate their BR and personal finances, this is a really healthy option for mental and financial well-being too, because it minimises the immediate financial trauma of losing.
It gives a clear distinction between your bankroll and life roll and allows you to benefit from the improved results that come as a consequence of being able to make better, unclouded decisions during hands.
Sure, you'll have to win the make-up back before they can take any money from the stake, but at least being staked means a big losing session won't eat into your living expenses.
If your game is strong enough for you to be considering going pro, getting staked should be relatively straightforward.
Most backers are actively seeking players via poker forums, social media posts or banner adverts. So, assuming you can show a strong set of results to demonstrate your abilities and prove you're a long-term winning poker player which shouldn't be a problem at this stage of your career , you'll probably get snapped up.
It's worth noting too that depending on the format and coaching that comes with the deal , some stables will be more competitive than others.
The best stables can often request a sizeable sample of results and may ask for permission to ghost a session and watch you play. Ihre E-Mail-Adresse wird nicht veröffentlicht.
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